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Data from Destatis. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Baden Wuerttemberg CPI YoY fell to 3.4% in November 2023
DestatisMonthlyReleased November 2023
Germany Baden Wuerttemberg CPI YoY fell to 3.4% in November 2023, down 1.0% from October's 4.4% reading. The print came in cooler than the 4.4% consensus, a softer print than forecasters anticipated. Baden Wuerttemberg CPI YoY has now declined for 4 consecutive months. Over the past 3 months, Baden Wuerttemberg CPI YoY averaged 4.75%, vs 6.9% in the prior 3-month window. Baden Wuerttemberg CPI YoY is now the lowest in 13 months.
Latest Release
3.4
Actual
4.4
Consensus
4.4
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| FTSE 100 | ▲ Direct | +0.97 | INDEX | Bullish FTSE 100 | → View |
| S&P 500 | ▲ Direct | +0.81 | INDEX | Bullish S&P 500 | → View |
| EUR/JPY | ▼ Inverse | −0.55 | FOREX | Bearish EUR | → View |
| Euro STOXX 50 | ▲ Direct | +0.47 | INDEX | Bullish Euro STOXX 50 | → View |
| BTC/USD | ▲ Direct | +0.45 | CRYPTO | Bullish BTC | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Baden Wuerttemberg CPI YoY (Germany) was reported at 2.4% in May 2026. The reading fell from the previous value of 2.6%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 2.28%, ranging from 1.8% to 2.7% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 2.23%, up from the prior three at 2.1%. Volatility over the past year (σ 0.25%) is lower than the prior year (σ 0.35%). In May readings over the past 3 years, Baden Wuerttemberg CPI YoY has averaged 2.23%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with FTSE 100 (Bullish FTSE 100). A secondary relationship exists with S&P 500, positively correlated (Bullish S&P 500).
WHAT TO WATCH NEXT
The next release is scheduled for June 30, 2026. Same-country events in the next 14 days include Producer Price Index YoY (Jun 19) and S&P Global Manufacturing PMI (Jun 23).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Baden Wuerttemberg CPI YoY - DE
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About Baden Wuerttemberg CPI YoY — Germany
DEFINITION
The Baden Wuerttemberg CPI YoY is a key financial indicator that measures the year-over-year change in the Consumer Price Index (CPI) for the German state of Baden Wuerttemberg. This indicator provides valuable insight into the inflation rate and purchasing power of consumers in this region, making it a crucial tool for investors, policymakers, and businesses to track economic trends and make informed decisions.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 2.4 %. Prior reading (Apr 2026): 2.6 %. Before that (Mar 2026): 2.5 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with FTSE 100 (Bullish FTSE 100, r=0.97) — a useful reference for index-focused traders.